At moment the management surely is aware of the fact that the share price is falling everyday and they must be aware that a lower share prices makes it even more difficult to get the needed financing. Nevertheless they do not release any news. Maybe there is something in the pipeline, but honestly I doubt massively that it is something substantial. If they already had some pieces of a good story they would release it to the market. Bill started good beginning of the year. A few good and realistic updates and informations and now ? Absolutely no progress report (status quo offtakes or financing ?) ! What are they currently doing at Perkoa ? Still build the mine or have they already stopped everthing ? What are they doing there ?
For a long time a was a convinced long term buyer of AIM. Meanwhile I - and probably the market too - am asking myself if AIM will make it ! What if not ?
The only positive thing that I can see at the moment is a small hope that from a technical view Zinc price could recover during last quarter 2009 to levels around US$ 3000 per ton. So if AIM is able to survice another 12 months maybe then they get the financing together.
If not only a wonder can save AIM. Mumbwa, Perkoa, BHP ? Who knows. A take over ? Maybe...but I doubt. Maybe the SP is a absolutely bargain...maybe...but if it were a bargain, why nobody is buying ? Where at the investors that have bought at 10 cents, 14 cents....where are they ? I guess that they have lost any confidence !
In their announcement of 19th of June they wrote: The Company is aiming to secure financing by the end of September 2008. So I guess that this is really the last deadline to save AIM from going under definitevely for a few years...if not worser. Let's hope and pray.
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